The Unabridged History of Winners and Losers

[Tatari Gami]

SEC SUES LITTLETON ACCOUNTANT:
DenverPost.com
April 1, 2004. Business Briefs.
The Securities and Exchange Commission on Wednesday sued a Littleton accountant, an online transaction-processing firm in Houston, and its chief executive on charges of securities fraud. The SEC alleges that American Television and Film Co., formerly known as Winners Internet Network, and CEO David Skinner Jr. published misleading financial reports for investors and failed to file the proper reports with the SEC. The lawsuit claims that Michael B. Johnson, president of Littleton-based Johnson & Co., handled accounting work for the company and destroyed some audit papers before his interview with the SEC. With the lawsuit, the SEC filed consent decrees in which Skinner, without admitting or denying guilt, agreed to a ban from serving as an officer of any publicly traded U.S. company. Johnson's attorney did not immediately return a phone message seeking comment late Wednesday.

http://www.denverpost.com/Stories/0,1413,36~33~2054469,00.html